GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) Short Interest Up 23.1% in February

GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 5,339 shares, a growth of 23.1% from the February 12th total of 4,337 shares. Based on an average daily volume of 5,422 shares, the days-to-cover ratio is currently 1.0 days. Approximately 17.8% of the company’s stock are short sold. Approximately 17.8% of the company’s stock are short sold. Based on an average daily volume of 5,422 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On GraniteShares 2x Short MSTR Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Short MSTR Daily ETF stock. Optiver Holding B.V. acquired a new stake in GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,016 shares of the company’s stock, valued at approximately $492,000. Optiver Holding B.V. owned about 56.72% of GraniteShares 2x Short MSTR Daily ETF as of its most recent SEC filing.

GraniteShares 2x Short MSTR Daily ETF Stock Performance

Shares of MSDD traded down $1.86 during midday trading on Tuesday, hitting $48.94. 2,004 shares of the company’s stock traded hands, compared to its average volume of 8,603. GraniteShares 2x Short MSTR Daily ETF has a 1 year low of $17.13 and a 1 year high of $156.71. The firm’s fifty day moving average is $75.39 and its 200-day moving average is $59.23.

GraniteShares 2x Short MSTR Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology and software. It uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is domiciled in the United States.